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Euroclear Group
Euroclear, or the Euroclear Group, is a Belgium-based financial market infrastructure group that specialises in the central securities depository (CSD) segment. It traces its origins to the Euro-clear System developed in 1968 by Morgan Guaranty (a predecessor of JPMorgan Chase) in Brussels to settle trades on the then developing eurobond market. The service was rebranded Euroclear (without hyphen) in 1990. In late 2000, the Euroclear System was transferred to a new entity, Euroclear Bank, a fully-owned subsidiary of the Euroclear Group that has remained one of the world's two leading international CSDs, the other being Clearstream Banking SA in nearby Luxembourg. Other entities of the Euroclear group include major national CSDs acquired by Euroclear in the 2000s in Belgium, Finland, France, the Netherlands, Sweden, and the UK. The name "Euroclear" is often misinterpreted as indicating a clearing activity of the Euroclear group, which is actually not the case. This confusion co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Guaranty
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase, the List of largest banks, largest banking institution in the world. The company has been historically referred to as the "#House of Morgan, House of Morgan" or simply Morgan. For 146 years, until 2000, J.P. Morgan specialized in Commercial bank, commercial banking, before a merger with Chase Manhattan Bank led to the business line spinning off under the Chase brand. Early history The origins of the firm date back to 1854 when Junius S. Morgan joined George Peabody & Co. (which became Peabody, Morgan & Co.), a London-based banking business headed by George Peabody. Junius took control of the firm, changing its name to J.S. Morgan & Co. in 1864 on Peabody's retirement. Junius's son, J.P. Morgan, J. Pierpont Morgan, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxembourg
Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembourg City, is one of the four institutional seats of the European Union and hosts several EU institutions, notably the Court of Justice of the European Union, the highest judicial authority in the EU. As part of the Low Countries, Luxembourg has close historic, political, and cultural ties to Belgium and the Netherlands. Luxembourg's culture, people, and languages are greatly influenced by France and Germany: Luxembourgish, a Germanic language, is the only recognized national language of the Luxembourgish people and of the Grand Duchy of Luxembourg; French is the sole language for legislation; and both languages along with German are used for administrative matters. With an area of , Luxembourg is Europe's seventh-smallest count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear UK & Ireland
Euroclear UK & International is a UK-based central securities depository that holds UK equities and UK gilts. It operates the CREST system, whose name stands for Certificateless Registry for Electronic Share Transfer. Originally known as CRESTCo (sometimes CrestCo), it was renamed in 2002, following acquisition by Euroclear, as Euroclear UK & Ireland; and in 2021, following the migration of Irish securities to Euroclear Bank, adopted its current name. History The CREST project was launched in 1993, following the TAURUS fiasco. The operating company CRESTCo was founded in 1996. In late 2001, Euroclear began negotiations to acquire CRESTCo. The transaction was completed in the second half of 2002. Operations CREST allows shareholders and bondholders to hold assets in a dematerialised, i.e. electronic form, rather than holding physical share certificates. CREST also serves a number of other important functions, such as assisting in the payments of dividends to shareholders. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Necigef
Euroclear Nederland is the main central securities depository (CSD) in the Netherlands. It is a fully-owned subsidiary of the Euroclear Group. Overview The Nederlands Centraal Instituut voor Giraal Effectenverkeer (Necigef, ) started operations in September 1977, with nearly all Dutch physical securities deposited there. In the early 1990s, its safe on the Herengracht in Amsterdam held over 8 million paper documents with aggregate value above 800 billion euros. Necigef was fully owned by Amsterdam Exchanges, known as AEX. In 2000, AEX merged with its Belgian and French counterparts to form Euronext. On , Euroclear announced intent to acquire Necigef. The transaction was completed in two stages in February and April 2002. Following the acquisition, Necigef adopted Euroclear Nederland as its commercial name. In January 2009, the Euroclear-owned CSDs in Belgium and the Netherlands migrated to a technical platform known as the Euroclear Settlement of Euronext-zone Securities (ESES) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sicovam
Euroclear France is the main central securities depository (CSD) in France. It is a fully-owned subsidiary of the Euroclear Group. Overview In 1941, the Vichy regime created the Caisse Centrale des Dépôts et Virements de Titres (CCDVT, ) with the intent of being able to track the ownership of French equities in the context of German military administration in occupied France during World War II, German occupation of France. Its inspiration was the Kassenverein system which had successfully operated in Germany for several decades. Deposit of shares at the CCDVT was made mandatory by subsequent Vichy legislation of . In the postwar period following the liberation of France, the deposit mandate was deemed harmful to civil liberties and lifted by legislation of and executive order of which established a replacement entity to the CCDVT, named the Société Interprofessionnelle de COmpensation des VAleurs Mobilières (), abbreviated as SICOVAM. In practice, the vast majority of s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
